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Last Ethereum [ETH] news
The main advantage of open source projects – most of which is paid through ICO due to Ethereum's intelligent capabilities – is that they are common and although speculators have benefited greatly from last year's super rally many are still trying to move forward. their missionary vision statements despite the fall in prices.
ETH prices are down 85% from the peaks of 2017, and although declining prices force some projects to abandon their road maps, the creators of Ethereum are at the forefront of guaranteeing the project and looking for solutions that will solve scalability once and for all.
Scalability as we have seen is a major obstacle to demonstrating work-based platforms. Bitcoin went astray with Lightning Network while Vitalik Buterin advanced the possibility of zk-SNARKs. It's a blend of privacy and chain scalability that eliminates the need for off-line implementations like Plasma, Casper or Raiden.
On paper it could be easy and even ideal, but if we consider the level of deliberations before the consensus on the implementation of Constantinople, it could be a hard time getting there next year when most of these solutions are expected. will come into effect.
However, we remain positive because in both cases, the Ethereum map must be respected and before Serenity, zk-SNARKs and PoS, difficult choices must be made.
Ethereum [ETH] Price analysis
Daily chart – ETH / USD
Without a doubt, the altcoin market is recording some good profits. He returned to green after 11 months of turmoil, an upheaval that saw several ICO liquidate their ETH holdings to avoid bending.
From the rankings, ETH is stable in the last after having recorded impressive days, with a 12% increase by December 17th, but we expect that each lower minimum represents another loading opportunity. Needless to say, our latest ETH / USD business plan is valid and our business conditions have been met.
At spot prices, there was a breakout of bulls above the previous $ 17 area with a $ 100 ceiling. As such, each minimum should technically be a loading zone with the first targets at $ 130 and subsequently $ 160 as reiterated in the previous ETH / USD analysis.
4HR chart – ETH / USD
Note that the peak above $ 100 was second compared to higher-than-average volumes. Dec 18 2300 HR and a solid bar above $ 100 to December 19, the 0300HR bull bars had above average volumes – about $ 150k compared to the average of 92k. It has met the conditions of our ideal business plan and as such we expect further gains in the coming days. Therefore, our short- and medium-term ETH / USD trade plan will be as follows:
- Buy: Spot price, $ 130
- Stop: $ 90, $ 110
- First goals: $ 130, $ 160, $ 250
All graphics courtesy of Tradingview
Disclaimer: The opinions and opinions expressed are those of the author and are not investment advice. Trading any form involves risks, as well as your due diligence before making a commercial decision.
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